AjumsFX

AjumsFX Updated 

I'm observing a nice weekly DTL resistnace zone. For me it's a good place to take my first entry. If price drops and bounces back there again I will be taking a second entry. It's going to be a long term sell with about 300pips in view. Enjoy!

AjumsFX

No doubt gold is on a longterm sell but as expected the market will move in waves to achieve it's final destination on the sell side. Gold is currently sitting on a POC on the 1H. Perfect time to get a retracement trade.

AjumsFX

Price is trading around a 4H DTL resistance zone. I am hoping to sell down to 0.5415 where we can have a double bottom support for a bullish trend to begin.

AjumsFX

OIL after previously breaking through a daily downtrendline is currectly playing out my principle of break and backtest and at the same time coinciding at a 4H support. I'm currently looking to buy this setup as I get my entry signal from lower TF.

AjumsFX

Fib. extention has been hit at 153.50, retracement to a new C is expected.

AjumsFX

The monthly high of 151.45 was broken on Friday, so I am taking a retracement sell upon formation of sell pattern, hoping the market forms a backtest of the broken monthly high.

AjumsFX

Price seem to be in a descending wedge on the 4H, between 2014 and 1971. It last hit the bottom of the wedge and I'm currently expecting it to move towards the upper part of the wedge. Taking my fib from the lower part of the wedge, to the upper part I'm able identify possible areas for TP and SL if there is a break above the wedge.

AjumsFX Updated 

Following through with the previous analysis to SHORT oil, the TP has been hit and the reverse move in the LONG direction is setting up. Going long if the 4Hr candle fails to close below the lower range of the channel. Entry will be 55.60 TP: 59.60 SL: 54.60 Risking 100points to Target 400points. If you enjoyed the ride down with me then you definitely will love...

AjumsFX Updated 

Oil is having a nice channel pattern which conforms with my bearish thoughts with ENTRY at 58.96 TP at 55.80 SL can be placed at 59.56 who's with me on this?

AjumsFX Updated 

My idea of the market for now is having quick in and out positions more like a long scalp as a result of the strong control of fundamentals on the market right now. EJ has a nice setup to target a 20pips movement on the bearish side with a 10pips risk. Who's in with me on this?

AjumsFX

With the huge uncertainty in the GBP and EUR market as a result of BREXIT the best strategy for executing positions is to go for a daily scalping positions based on daily and hourly support, resistance and trendline with a target of at most 20pips and risk 10pips. Always taking a risk/profit ratio of 1:2